上海飞凯材料科技股份有限公司（以下简称"公司"）董事会于近日收到副 总经理兼财务总监李晓晟先生的书面辞职报告，因公司内部岗位调动，李晓晟先 生决定辞去公司财务总监职务。辞职后，李晓晟先生仍在公司担任副总经理职务， 并将按照公司安排另行任用。 | 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2024-077 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 李晓晟先生担任财务总监职务的原定任期为 2023 年 4 月 20 日至 2026 年 4 月 19 日。截至本公告披露之日，李晓晟先生直接持有公司股票 55,690 股，占公 司总股本的 0.01%（公司对外发行的可转换公司债券目前处于转股期内，本公告 中所述公司"总股本"以 2024 年 5 月 20 日收市后公司总股本剔除回购专用账 户中的股份数量后的股份总数 526,679,783 股为依据计算，下同）；持有公司 2022 年限制性股票激励计划已授予但尚未归属的限制性股票 45,000 股，占公司总股 本的 0.01%，该部分股份后续将继续按照公司《2022 年限制性股票激励计划 ...

| 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2024-076 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 上海飞凯材料科技股份有限公司 关于选举第五届监事会主席的公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、选举第五届监事会主席的情况 特此公告。 上海飞凯材料科技股份有限公司监事会 2024 年 5 月 21 日 附：贺云扬女士简历 贺云扬女士，1984 年出生，中国国籍，无永久境外居留权，工商管理硕 士。2007 年起至今先后任职本公司、上海博华国际展览有限公司（其中，2007 年-2010 年任职本公司并担任市场部经理，2010 年-2012 年任职上海博华国际展 览有限公司并担任 CPhl 项目组市场主管，2012 年至今任职于本公司），现任 公司企业策划部总监。 截至本公告披露之日，贺云扬女士持有公司 2022 年限制性股票激励计划已 授予但尚未归属的限制性股票 20,280 股，因其在股东大会选举通过正式担任公 司监事后，已不再具备激励对象资格，公司将适时履 ...

| 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2024-075 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 上海飞凯材料科技股份有限公司 第五届监事会第十一次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特此公告。 上海飞凯材料科技股份有限公司监事会 2024 年 5 月 21 日 经与会监事审议和表决，通过了以下决议： 1. 审议通过《上海飞凯材料科技股份有限公司关于选举第五届监事会主席 的议案》 根据《公司法》、《公司章程》及其他有关规定，为保障公司第五届监事会 各项工作的顺利开展，同意选举贺云扬女士为公司第五届监事会主席，任期自本 次监事会审议通过之日起至第五届监事会任期届满之日止。 具体内容详见公司于巨潮资讯网刊登的《上海飞凯材料科技股份有限公司关 于选举第五届监事会主席的公告》。 上海飞凯材料科技股份有限公司（以下简称"公司"）第五届监事会第十一 次会议于 2024 年 5 月 21 日以电话和电子邮件方式送达全体监事，鉴于公司根据 相关工作的安排需要，需 ...

| 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2024-074 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 上海飞凯材料科技股份有限公司 2023 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 4、为尊重中小投资者利益，提高中小投资者对公司股东大会决议事项的参 与度，本次股东大会对中小投资者进行单独计票，中小投资者是指除上市公司董 事、监事、高级管理人员以及单独或者合计持有公司 5%以上股份的股东以外的 其他股东。 一、会议召开和出席情况 上海飞凯材料科技股份有限公司（以下简称"公司"）2023 年年度股东大 会通知已于 2024 年 4 月 29 日以公告形式发出。2024 年 5 月 10 日，公司第五届 监事会第九次会议审议通过了《上海飞凯材料科技股份有限公司关于补选第五届 监事会非职工代表监事的议案》，为节约成本、提高决策效率，公司控股股东飞 凯控股有限公司提请公司董事会将《上海飞凯材料科技股份有限公司关于补选第 五届监事会非职工代表监事的议案》以 ...

6F/19F ONE IU.IIAZU hai 200120 PR China 关于上海飞凯光电材料股份有限公司 公开发行可转换公司债券之补充法律意见书(一) 致:上海飞凯光电材料股份有限公司 上海市通力律师事务所(以下简称"本所")受上海飞凯光电材料股份有限公司(以下简 称"飞凯材料"、"公司"或"发行人")的委托,指派本所夏慧君律师、唐方律师(以下合称 "本所律师")作为飞凯材料公开发行 A 股可转换公司债券(以下简称"本次发行")的专项 法律顾问,已就本次发行出具了《关于上海飞凯光电材料股份有限公司公开发行可转换公司 债券之律师工作报告》(以下简称"《律师工作报告》")、《关于上海飞凯光电材料股份有限 公司公开发行可转换公司债券之法律意见书》(以下简称"《法律意见书》"),现本所律师根 据飞凯材料及中国证券监督管理委员会于 2020年 5 月 22 日出具的《上海飞凯光电材料股 份有限公司公开发行可转债申请文件反馈意见》(以下简称"反馈意见")的要求,特就有关 事宜出具本补充法律意见书。 《法律意见书》及《律师工作报告》中所做的本所及本所律师的声明事项以及相关定 义同样适用于本补充法律意见书。本补充法律 ...

2、会议召集人：公司董事会 3、会议召开的合法、合规性：经公司第五届董事会第十次会议审议通过， 决定召开本次股东大会。本次股东大会会议召开符合有关法律、行政法规、部门 规章、规范性文件和《公司章程》等的规定。 4、会议召开的日期、时间： （1）现场会议时间：2024 年 5 月 21 日（星期二）下午 14:30 | 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2024-073 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 上海飞凯材料科技股份有限公司 关于召开 2023 年年度股东大会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 上海飞凯材料科技股份有限公司（以下简称"公司"）于 2024 年 4 月 29 日、 2024 年 5 月 10 日在巨潮资讯网上分别发布了《关于召开 2023 年年度股东大会 的通知》和《关于 2023 年年度股东大会增加临时提案暨股东大会补充通知的公 告》，公司将于 2024 年 5 月 21 日（星期二）下午 14:30 召开 2023 ...

Revenue and Profit Performance - Manufacturing revenue decreased by 5.52% to 2,728,683,450.21 RMB in 2023 compared to 2,888,246,955.65 RMB in 2022[4] - Revenue for the reporting period was 2.728 billion yuan, a year-on-year decrease of 5.52%[155] - Net profit attributable to shareholders of the listed company was 112.35 million yuan, a year-on-year decrease of 74.15%[155] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 50.02 million yuan, a year-on-year decrease of 88.52%[155] - Net profit in Q4 2023 was negative at RMB -97,800,260.56, a significant drop compared to previous quarters[183] - Revenue for 2023 decreased by 5.52% to RMB 2,728,683,450.21 compared to RMB 2,888,246,955.65 in 2022[180] - Net profit attributable to shareholders dropped by 74.15% to RMB 112,353,264.00 in 2023 from RMB 434,641,294.99 in 2022[180] - Net profit after deducting non-recurring gains and losses fell by 88.52% to RMB 50,024,673.65 in 2023 from RMB 435,859,628.26 in 2022[180] - Operating cash flow decreased by 27.58% to RMB 290,304,716.02 in 2023 from RMB 400,862,605.60 in 2022[180] - Basic earnings per share declined by 75.00% to RMB 0.21 in 2023 from RMB 0.84 in 2022[180] - Total assets increased by 2.83% to RMB 6,485,522,219.69 in 2023 from RMB 6,307,056,659.43 in 2022[180] Market and Industry Trends - The global LCD panel industry has consolidated, with the number of major manufacturers reduced from ten to eight, and domestic Chinese panel manufacturers now hold a 70.9% market share, a historical high[190] - LCD TV panel prices rose in the first half of 2023 due to controlled supply, but began to decline in November due to weak demand, with average utilization rates of domestic high-generation panel factories showing a downward trend since August[191] - The LCD industry center has shifted to mainland China, where panel manufacturers can dynamically adjust supply and demand through flexible production line utilization rates, with BOE, TCL CSOT, and HKC leading the global LCD panel industry[192] - China's semiconductor sales reached $144.6 billion in November 2023, a 4.4% month-on-month increase and 7.99% year-on-year growth, marking the ninth consecutive month of growth[193] - China's fiber optic cable production reached 323 million core kilometers in 2023, with the market expected to grow to 540.8 billion yuan by 2025, driven by 5G and data center applications[194][195] - The global semiconductor market reached $573.5 billion in 2022, with Q3 2023 sales totaling $134.7 billion, a 4.5% year-on-year decline but a 6.3% quarter-on-quarter increase, marking nine consecutive months of growth[200] - China's semiconductor industry is entering a phase of large-scale high-speed development, with government policies supporting growth amidst challenges from US-China trade tensions[193] - The global fiber optic cable market is dominated by the top ten manufacturers, which hold 88.2% of the market share, with Chinese companies like Yangtze Optical Fiber and Hengtong occupying significant positions[195] - LCD panel prices are expected to stabilize in 2024, with smaller-sized panels potentially seeing price increases, indicating a positive trend for the industry[199] R&D and Innovation - R&D expenses grew by 3.02% to 189,235,361.76 RMB[8] - The company established a "Postdoctoral Research Station" to enhance technological innovation and talent development[2] - The company's R&D personnel increased by 4.53% to 600 in 2023, with R&D personnel accounting for 27.59% of the total workforce[28] - The company emphasizes continuous R&D investment in new products and process optimization to maintain technological competitiveness[56] - R&D investment for new products and technologies amounted to $120 million, accounting for 8.5% of total revenue[142] Subsidiaries and Acquisitions - The company's total assets for its subsidiary Anqing Feikai are 1,612,265,171.45 RMB, with net assets of 822,553,475.13 RMB, and operating revenue of 954,666,780.44 RMB[23] - The subsidiary Hecheng Display has total assets of 1,483,254,286.32 RMB, net assets of 1,237,275,111.72 RMB, and operating revenue of 1,022,107,320.47 RMB[23] - The company acquired 33.04% equity of Runao Chemical in 2023, adding to previous acquisitions of Kunshan Xingkai (60.00%), Hecheng Display (100.00%), and Darui Technology (100.00%)[57] - Completed the acquisition and integration of 33.04% equity in Guangzhou Runao Chemical Materials Co., Ltd., including financial management, corporate governance, and R&D resource sharing[124] - The company completed two strategic acquisitions, totaling $200 million, to enhance its product portfolio and market reach[142] Financial Management and Investments - Investment activities cash outflow increased by 128.03% due to increased purchase of financial products[10] - The company invested a total of 173.64 million yuan in fixed assets during the reporting period, with a cumulative investment of 572.07 million yuan across various manufacturing projects[13] - The company raised 825 million yuan through convertible bonds in 2020, with a net amount of 808.96 million yuan after deducting fees[16] - As of December 31, 2023, the company had used 461.83 million yuan of the raised funds, with a remaining balance of 385.81 million yuan[17] - The company used 200 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months[17] - The company used no more than 200 million RMB of idle raised funds to temporarily supplement working capital, with a usage period of no more than 12 months from the date of approval by the fifth meeting of the fifth board of directors[19] - The company used up to RMB 250 million of idle raised funds to temporarily supplement working capital in 2022, with all funds returned to the dedicated account within the stipulated period[38] - As of December 31, 2023, the unused raised funds balance was RMB 385.81 million, with RMB 311.31 million stored in the raised funds account for future projects[38] - The company used up to RMB 300 million of idle raised funds to temporarily supplement working capital in 2021, with all funds returned to the dedicated account within the stipulated period[38] - The company used up to RMB 300 million of temporarily idle raised funds for cash management, with RMB 74.5 million in bank structured deposits not yet redeemed as of December 31, 2023[38] - The company approved the use of up to 300 million yuan of temporarily idle raised funds for cash management, purchasing financial products or structured deposits with high safety and good liquidity[35] - The company has stored all raised funds in special accounts to standardize the management and use of raised funds, protecting investors' interests[35] Project Progress and Investments - The 280-ton new liquid crystal material mixing and R&D center project has a progress rate of 46.87% with an investment of 115.56 million yuan[13] - The 2,230-ton halogenated compound construction project is 93.65% complete with a cumulative investment of 65.56 million yuan[13] - The 6,000-ton UV-curable resin and surface treatment coating project has a progress rate of 65.72% with a cumulative investment of 26.29 million yuan[13] - The 150-ton TFT-LCD synthetic liquid crystal display material project has been changed, with a cumulative investment of 13.59 million yuan and a progress rate of 70.48%[18] - The 10,000-ton UV-curable optical fiber coating material expansion project has a progress rate of only 3.38% with an investment of 3.82 million yuan[18] - The 120-ton TFT-LCD mixed liquid crystal display material project has a progress rate of 44.12% with a cumulative investment of 48.95 million yuan[18] - The company changed the investment project from "10000t/a UV-curable optical fiber coating material expansion project" to "annual production of 50 tons of high-performance mixed liquid crystal and 200 tons of high-purity electronic display monomer material project" with a total investment of 11,307.00 million RMB, of which 528.85 million RMB was actually invested in the reporting period, accounting for 4.68% of the total investment[19][21] - The company changed the investment project from "annual production of 2000 tons of new photoinitiator project" to "acrylic ester and photoresist product upgrade and transformation construction project" with a total investment of 9,512.00 million RMB, of which 546.74 million RMB was actually invested in the reporting period, accounting for 5.75% of the total investment[19][21] - The company changed the investment project from "annual production of 500 kg OLED display material project" to "annual production of 15 tons OLED terminal display material sublimation and purification project" with a total investment of 6,555.00 million RMB, of which 1,491.13 million RMB was actually invested by the end of the period, accounting for 22.75% of the total investment[19][21] - The company changed the investment project from "annual production of 150 tons TFT-LCD synthetic liquid crystal display material project" to "Jiangsu Hecheng annual production of 280 tons new liquid crystal material mixing and R&D center construction project" with a total investment of 19,282.00 million RMB, of which 13,590.06 million RMB was actually invested by the end of the period, accounting for 70.48% of the total investment[19][21] - The "Annual Production of 280 Tons New Liquid Crystal Material Mixing and R&D Center Construction Project" and other modified projects are still under construction and have not reached planned progress or expected benefits[37] - The "Annual Production of 50 Tons High-Performance Mixed Liquid Crystal and 200 Tons High-Purity Electronic Display Monomer Materials Project" is still under construction and has not reached planned progress or expected benefits[37] - The company completed the construction of a 1000t/a photoresist supporting products project, including developer, stripper, etchant, and cleaning solutions[87] - A 3500t/a UV-curable photoresist project has been completed and is operational[87] - The company has expanded its UV-curable optical fiber coating material production capacity to 10000t/a[87] - A 5000t/a photoresist expansion project has been completed and is operational[87] - The company is currently constructing a 32t/a OLED display material project[87] - 6000t/a UV curing resin and surface treatment coating project has been completed and independently accepted[104] - 22000t/a synthetic new material project (Phase I: 5500t/a halogenated hydrocarbon series products and 3500t/a electronic-grade phenolic resin products) has been completed and accepted by Anqing Environmental Protection Bureau[104] - 50t/a high-performance optoelectronic new material project has been completed and independently accepted[104] - 100t/a high-performance optoelectronic new material upgrade project is awaiting acceptance[104] - 2230t/a halogenated compound construction project has been completed[104] - 100t/a TFT-LCD high-end liquid crystal material project has been completed and accepted by Nanjing Environmental Protection Bureau[104] - Annual production of 50 tons of high-performance mixed liquid crystal and 200 tons of high-purity electronic display monomer material project is under construction[104] Environmental and Safety Management - Organic waste gas purification treatment device in Area A has a processing capacity of 10,000m³/h and is operating normally[107] - Wastewater treatment in Area B has a processing capacity of 120m³/d and is operating normally[107] - Organic waste gas treatment device in Kunshan Xingkai has a processing capacity of 40,000m³/h and is operating normally[107] - Anqing Feikai, Hecheng New Materials, and Kunshan Xingkai have established environmental self-monitoring plans and emergency response measures to strengthen environmental protection management and prevent pollution incidents[108] - Anqing Feikai has implemented an online monitoring system for wastewater, detecting COD, ammonia nitrogen, and pH values in real-time, and regularly commissions qualified units for testing[109] - Hecheng New Materials has an online monitoring system for wastewater and exhaust gas, detecting COD, ammonia nitrogen, pH, flow rate, non-methane total hydrocarbons, and temperature in real-time, with regular maintenance and testing[110] - Kunshan Xingkai conducts regular maintenance on exhaust gas treatment equipment, including filter and activated carbon replacement, and commissions qualified units for monitoring[111] - The company has established an EHS department to oversee environmental protection, incorporated environmental protection into performance evaluations, and paid environmental protection taxes in full for 2023[112] - Hecheng New Materials was fined RMB 30,000 for non-standard exhaust gas emissions during production, violating the Air Pollution Prevention and Control Law[114] - The company has not experienced any major production safety accidents in 2023, adhering to strict safety management and risk control systems[116] - Subsidiaries such as Anqing Feikai and Kunshan Xingkai are designated as key pollutant discharge units, adhering to environmental laws and industry standards[126] - Anqing Feikai's emissions: VOCs at 7.38mg/m³ (A区), 9.05mg/m³ (B区), 15.69mg/m³ (C区), all within standards[128] - Anqing Feikai's COD emissions: 36.68mg/L (A区), 97.96mg/L (B区), 132.8mg/L (C区), all within the 500mg/L standard[128] - Hecheng New Materials' COD emissions: 207.9mg/L, ammonia nitrogen: 5.3mg/L, TP: 0.524mg/L, all within standards[128] - Noise emissions at Anqing Feikai: daytime 57.0db (A区), 57.5db (B区), 58.5db (C区), all within 65db standard[128] - Noise emissions at Hecheng New Materials: daytime 57.8db, within 65db standard[128] Corporate Governance and Management - The company has established four specialized committees under the board: Strategy Committee, Compensation and Evaluation Committee, Audit Committee, and Nomination Committee[60] - The board of directors held 9 meetings during the reporting period, with all directors actively participating in relevant training and fulfilling their duties[60] - The company held 8 supervisory board meetings during the reporting period, effectively supervising major company matters and financial status[61] - The company has established an independent financial department and internal audit department, with dedicated financial management and internal audit personnel. It has formulated financial management and internal audit management systems independent of the controlling shareholder and established an independent financial accounting system[65] - The company has a sound organizational structure system and has formulated comprehensive job responsibilities and management systems. Each functional agency operates independently according to its prescribed duties, without interference from controlling shareholders or any other units or individuals[63] - The company has established a Board of Directors Audit Committee, which is responsible for communication between internal and external audits, supervising the implementation of the internal audit system, reviewing the execution of internal control systems, and examining financial information and disclosures[62] - The company has implemented a "quality and return dual improvement" action plan, but it is not disclosed whether the plan has been disclosed[64] - The company has established a rigorous, scientific, and effective internal control system suitable for its actual situation, continuously updating and improving the internal control system during the reporting period[71] - The company has strengthened internal audit supervision, enhancing the depth and breadth of internal audit work, and dynamically tracking large fund transactions to prevent fund misappropriation[71] - The company's profit distribution plan was approved by the Fifth Board of Directors' Tenth Meeting and will be implemented within two months after approval by the 2023 Annual Shareholders' Meeting[70] - The company has a comprehensive internal control system in place, with regular updates and improvements to ensure compliance with regulatory requirements and support business development[71] - The company held a total of 8 board meetings in 2023, with key resolutions including the approval of the 2022 annual report and financial statements, and the nomination of the fifth board of directors[72] - The audit committee reviewed and approved the 2022 internal audit summary, 2023 audit plan, and the 2022 annual financial report, ensuring compliance with relevant regulations[74] - The nomination committee reviewed and approved the nomination of candidates for the fifth board of directors, ensuring they met the necessary qualifications and capabilities[74] - The compensation and evaluation committee approved the 2023 senior management compensation plan and adjustments to independent director compensation[74] - The company implemented a comprehensive talent development system, including talent assessment and multi-channel career development paths, to meet future strategic needs[78] - The company's board and management underwent significant changes, with several key positions including independent directors, board members, and senior executives being replaced or resigned due to personal reasons or term expirations[135][136] - ZHANG JINSHAN was appointed as the new General Manager effective March 26, 2024, to meet the company's operational development needs[136] - The company elected new independent directors and board members during the 2023 board and supervisory committee reshuffle, including SHEN Xiaoliang, TU Bin, and TANG Zhonghui[135] Compensation and Incentives - Total compensation for directors, supervisors, and senior management in 2023 was 11.6431 million yuan, paid to 21 individuals (including 5 who left)[50] - Chairman Zhang Jinshan received a total pre-tax compensation of 892,400 yuan[52] - Vice Chairman and General Manager Su Bin received a total pre-tax compensation of 1.3455 million yuan before his resignation[52] - Director and Vice President Song Shuguo received the highest compensation among current executives at 2.4675 million yuan[52] - Independent directors received a standard compensation of

Financial Performance - The company's operating revenue for Q1 2024 was ¥668,475,317.50, representing a 12.51% increase compared to ¥594,157,918.54 in the same period last year[4] - Net profit attributable to shareholders decreased by 17.13% to ¥59,841,252.83 from ¥72,212,645.69 year-on-year[4] - Basic and diluted earnings per share fell by 21.43% to ¥0.11 from ¥0.14 in the same period last year[5] - Operating profit for Q1 2024 was ¥72,380,204.98, down 12.6% from ¥82,445,569.52 in the same period last year[35] - The total comprehensive income for Q1 2024 was ¥64,710,650.61, compared to ¥61,412,775.12 in the same period last year[36] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥91,545,576.54, a 173.37% increase from a negative cash flow of ¥124,769,378.66 in the previous year[4] - Cash received from operating activities decreased by 48.52% to ¥30,335,937.84 compared to ¥58,923,372.50 in the previous year[12] - The net cash flow from investment activities was -31,912,182.57 CNY, a decrease from -104,235,678.58 CNY in the previous period[39] - Cash inflow from financing activities totaled 217,018,335.72 CNY, compared to 458,031,373.47 CNY last year[39] - The net cash flow from financing activities was -34,877,749.36 CNY, contrasting with a positive flow of 41,310,638.75 CNY in the previous year[39] Assets and Liabilities - Total assets as of March 31, 2024, were ¥6,501,984,080.69, a slight increase of 0.25% from ¥6,485,522,219.69 at the end of the previous year[5] - The total liabilities decreased to ¥2,487,214,697.76 from ¥2,535,845,207.11, indicating a decline of about 1.92%[31] - The company's total equity increased to ¥4,014,769,382.93, up from ¥3,949,677,012.58 in the previous quarter[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,362[13] - The largest shareholder, Feikai Holdings Limited, holds 22.37% of the shares, equating to 118,237,504 shares[13] - The total number of shares held by the top 10 shareholders accounts for 32.35% of the total share capital[13] Financial Strategy and Capital Management - The company plans to issue convertible bonds totaling up to RMB 832 million to enhance capital strength and profitability[20] - The company has received approval from the China Securities Regulatory Commission for its convertible bond issuance application[20] - The bond issuance is expected to provide additional funding for the company's ongoing projects and market expansion efforts[21] - The company plans to use up to 500 million yuan of temporarily idle raised funds for cash management without affecting the use of raised funds[22] - The company is committed to optimizing its capital structure and protecting investor interests through these financial strategies[22] Research and Development - Research and development expenses increased to ¥46,084,366.43, up 9.3% from ¥41,918,118.01 in the previous year[35] Regulatory Compliance - The company has conducted thorough checks and responses to feedback from regulatory bodies throughout the bond issuance process[21] - The company aims to ensure compliance with the latest regulations regarding the issuance of convertible bonds[21] Miscellaneous - The company did not execute any new accounting standards adjustments for the first quarter of 2024[40] - The first quarter report was not audited[40] - The company experienced a foreign exchange impact of 4,043,319.60 CNY on cash and cash equivalents[39]

Financial Performance - The company's operating revenue for Q3 2023 was ¥697,906,110.83, representing an increase of 18.31% compared to ¥595,285,255.08 in the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was ¥35,982,161.82, a decrease of 48.25% from ¥67,797,405.28 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,724,828.90, down 31.93% from ¥71,329,643.45 year-on-year[5] - The basic earnings per share for Q3 2023 was ¥0.07, a decline of 46.15% compared to ¥0.13 in the same period last year[5] - Operating profit decreased by 32.42% to ¥252,396,209.51, attributed to market factors affecting the industry[12] - Net profit for Q3 2023 was CNY 233,225,392.52, a decline of 29.0% from CNY 328,286,250.23 in Q3 2022[30] - Earnings per share for Q3 2023 were CNY 0.40, compared to CNY 0.62 in Q3 2022[31] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥6,627,018,996.21, an increase of 5.07% from ¥6,314,013,135.15 at the end of the previous year[5] - The total number of unrestricted shares held by the top 10 shareholders is 118,237,504 shares, with the largest shareholder being Feikai Holdings Co., Ltd.[16] - The total number of restricted shares at the beginning of the period was 3,086,253 shares, which increased to 3,257,673 shares by the end of the period[19] - The company's total current assets reached CNY 3,528,467,261.33, compared to CNY 3,382,740,004.21 in the same period last year, indicating an increase of about 4.31%[24] - The total liabilities stood at CNY 2,594,522,236.03, up from CNY 2,488,207,073.32, representing a rise of approximately 4.30% year-over-year[26] - The company's cash and cash equivalents decreased to CNY 1,035,704,220.69 from CNY 1,291,214,794.15, a decline of about 19.77%[24] Cash Flow - The company reported a net cash flow from operating activities of ¥160,571,914.56, a decrease of 48.55% compared to ¥312,087,262.32 in the previous year[5] - Cash received from operating activities rose by 117.41% to ¥296,298,357.79, driven by an increase in receivables[13] - Cash paid for operating activities increased by 36.42% to ¥489,448,233.15, reflecting higher payments for receivables[13] - The net cash flow from investment activities was -484,822,900.23 CNY, compared to -266,536,785.69 CNY in the previous year, indicating a decline of approximately 81.7%[35] - The total cash inflow from financing activities was 1,173,889,040.02 CNY, slightly down from 1,176,649,033.41 CNY year-over-year[35] - The net cash flow from financing activities decreased to 62,804,267.87 CNY from 186,286,577.26 CNY, representing a decline of about 66.3%[35] Investments and Expenses - Investment income surged by 127.96% to ¥22,568,407.23, mainly from the sale of trading financial assets during the reporting period[12] - Research and development expenses for Q3 2023 were CNY 140,657,565.01, a decrease of 7.4% from CNY 151,961,188.36 in Q3 2022[30] - The company's financial expenses increased by 42.42% year-on-year, reaching ¥39,617,164.91, primarily due to higher borrowing interest and reduced exchange gains[12] Shareholder Information - The company completed the vesting registration of 2,206,440 restricted stock units on September 18, 2023, with 171,420 shares locked up according to management regulations[19] - The company has implemented a stock incentive plan to enhance corporate governance and attract key personnel, approved by the board on July 29, 2022[20] - The total number of shares repurchased under the 2020 buyback plan was 2,000,000, which accounted for 100% of the shares used for the vesting of the incentive plan[21] Accounting Changes - The company adopted new accounting standards starting January 1, 2023, which resulted in adjustments to the financial statements[36] - Deferred tax assets increased from 76,409,638.18 CNY to 77,029,464.35 CNY, reflecting an adjustment of 619,826.17 CNY[38] - The deferred tax liabilities also increased by the same amount, from 35,099,990.23 CNY to 35,719,816.40 CNY[38] - The third-quarter report was not audited, indicating that the figures presented are subject to further verification[39]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,635,658,711.68, representing a 36.02% increase compared to the same period last year[26]. - Net profit attributable to shareholders was ¥251,430,665.13, marking a 49.64% increase year-on-year[26]. - The net profit after deducting non-recurring gains and losses was ¥270,839,073.80, an increase of 80.30% compared to the previous year[26]. - The net cash flow from operating activities was ¥197,407,122.62, up 28.07% from the same period last year[26]. - Basic earnings per share increased to ¥0.48, a rise of 45.45% year-on-year[26]. - Total assets at the end of the reporting period were ¥6,368,796,288.72, an increase of 8.69% from the end of the previous year[26]. - Net assets attributable to shareholders reached ¥3,497,289,921.53, reflecting a 10.55% increase compared to the previous year[26]. - The weighted average return on equity was 7.46%, up from 5.77% in the previous year[26]. - The company reported a net increase in cash and cash equivalents of ¥300,548,176.88, a significant improvement compared to a decrease of ¥437,921,992.35 in the previous year[100]. - The operating cost increased to ¥982,153,621.41, a rise of 35.62% from ¥724,219,069.82, primarily due to the low base from the previous year[99]. Revenue Segments - The sales revenue of screen display materials reached 699.54 million yuan, an increase of 15.24% compared to the same period last year[35]. - The sales revenue of semiconductor materials amounted to 292.32 million yuan, reflecting a growth of 14.32% year-on-year[36]. - The sales revenue of UV curing materials was 323.96 million yuan, showing a significant increase of 34.90% compared to the previous year[38]. - The sales revenue of pharmaceutical intermediates reached 315.66 million yuan, marking a substantial growth of 218.59% year-on-year[39]. - The screen display materials segment generated revenue of 699.54 million yuan, a 15.24% increase year-on-year, but only a 0.99% increase compared to the second half of 2021 due to reduced production in the downstream panel industry[50][51]. - The semiconductor materials segment reported revenue of 292.32 million yuan, a 14.32% increase year-on-year, but a decline of 1.54% compared to the second half of 2021[51]. - The UV curing materials segment saw significant growth with revenue of 323.96 million yuan, a 34.90% increase year-on-year and a 25.34% increase compared to the second half of 2021[51]. - The pharmaceutical intermediates segment experienced a remarkable revenue increase of 315.66 million yuan, up 218.59% year-on-year and 93.53% compared to the second half of 2021[51]. Research and Development - In the first half of 2022, the company's R&D expenditure reached RMB 107.69 million, an increase of 27.51% year-on-year, accounting for 6.58% of the revenue during the reporting period[41]. - The company obtained a total of 77 new patent certificates during the reporting period, bringing the total to 499 patents, including 479 invention patents[41]. - The company focuses on independent R&D, with a structured approach involving basic and product R&D to enhance innovation and product upgrades[53]. - The company has established a comprehensive new product R&D innovation mechanism and has a leading R&D base for new materials in China[87]. - The company has achieved significant breakthroughs in key technologies for display materials and semiconductor materials, establishing long-term strategic partnerships with major manufacturers[88]. Strategic Initiatives - The company has initiated a share repurchase plan, using RMB 54.28 million to repurchase approximately 2.45 million shares, which will be used for an equity incentive plan[44]. - The company has implemented a new stock incentive plan, granting 6.353 million restricted shares to 180 employees, including senior and middle management[45]. - The company has made strategic acquisitions, including a 60% stake in Kunshan Xingkai and 100% stakes in Dairui Technology and Hecheng Display, enhancing its position in the electronic chemical materials field[93]. - The company plans to enhance product quality and service levels to stabilize existing customers while actively developing new clients in the display and UV curing materials sectors[142]. - The company is committed to continuous R&D investment to maintain market leadership and address higher production process requirements from downstream industries[144]. Market Position and Industry Trends - The company is positioned as a key supplier in the domestic semiconductor advanced packaging materials and traditional packaging materials sectors[36]. - The domestic LCD panel industry is experiencing rapid growth, benefiting the company's liquid crystal materials and photoresists[35]. - The semiconductor industry is projected to grow by 7.4% in 2022, with total revenue expected to reach approximately $639.2 billion, down from an earlier forecast of 13.6%[67]. - The automotive semiconductor market experienced a growth of 19% in 2022, with the semiconductor content per vehicle expected to increase from $712 in 2022 to $931 by 2025[68]. - The domestic semiconductor packaging market is anticipated to grow rapidly due to the overall expansion of the integrated circuit industry in China[73]. - The LCD panel industry is expected to face weak demand in the second half of 2022, impacting the company's short-term performance[65]. Risk Management - The company has outlined potential risks and corresponding mitigation strategies in the report[5]. - The company faces risks related to potential impairment of goodwill from acquisitions if the acquired assets experience significant adverse changes in industry policy or operational conditions[148]. - The company emphasizes the importance of protecting intellectual property and converting research results into marketable products to mitigate risks associated with new product development[145]. - The company is actively expanding its overseas presence to stay updated on international material technologies and market trends[145]. - The company will strictly adhere to the regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange in advancing fundraising projects and managing the compliance of raised funds[150]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, aiming to balance economic benefits with ecological responsibilities[179]. - The company actively engages in social responsibility, including donations and support for local communities during the COVID-19 pandemic, with a value of 300,000 yuan in supplies provided to employees[180]. - The company has implemented an online monitoring system for wastewater and waste gas, ensuring compliance with environmental regulations[173]. - There were no administrative penalties due to environmental issues during the reporting period[174]. Governance and Compliance - The company has established a structured governance framework to protect shareholder rights and ensure compliance with relevant laws and regulations[176]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[183]. - The semi-annual financial report has not been audited as of the reporting date[185]. - The company has not engaged in derivative investments during the reporting period, indicating a conservative investment strategy[136]. Legal Matters - The company reported a contract dispute with Shanghai Rongcai Optoelectronic Materials involving an amount of RMB 10.06 million, currently awaiting arbitration[188]. - Another dispute with Hunan Lingtian Technology has an amount of RMB 3.48 million, with the case pending in court[188]. - The company has a total of 15 ongoing litigation cases, with amounts ranging from RMB 0.05 million to RMB 10.06 million[188]. - There are no significant litigation or arbitration matters reported for the current period[187].